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Urea Market Report 2020: Global Industry Overview, Growth Rate, Price Trends, COVID-19 Impact Analysis, Opportunities and Forecast till 2025

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May 14, 2020 (SUPER MARKET RESEARCH via COMTEX) -- According to IMARC Group's latest report, the global urea market to registering a CAGR of around 3% during 2020-2025. Urea, or carbamide, is a waste product produced by various living organisms with high nitrogen content. It is a colorless organic hygroscopic solid, which is odorless and soluble in water, with a slight odor of ammonia.

Market Trends:

The primary growth-inducing factor of the urea market is the extensive product applications in the agriculture, chemical, automotive and medical industries. In the agriculture sector, urea is used as a fertilizer and animal feed additive since it is non-toxic in nature and offers higher crop yield in lesser time. It is also utilized in the automotive industry to reduce nitrogen oxide emissions from diesel automobiles. Apart from this, premium-quality and technical-grade urea is employed for manufacturing medical drugs, explosives, dyes, disinfectants, cosmetics and yeast. Moreover, technological advancements and innovations, like the introduction of melting and granulation technologies that help in enhancing energy and cost-effectiveness of urea production, are further expected to create a positive outlook for the market in the coming years.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/urea-market/requestsample

Global Urea Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include Acron (mcx:AKRN), BASF SE, BIP (Oldbury) Limited, EuroChem, Jiangsu Sanmu Group Co. Ltd., Koch Fertilizer LLC, OCI Nitrogen, Petrobras /zigman2/quotes/200745132/composite PBR -3.23% , Qatar Fertiliser Company, SABIC, Yara International ASA, etc.

The report has segmented the market on the basis of Grade, Offering, Application, End-Use Industry, and Region.

For more information about this report visit: https://www.imarcgroup.com/urea-market

Breakup by Grade:

Fertilizers Grade
Feed Grade
Technical Grade

Breakup by Application:

Nitrogenous Fertilizer
Stabilizing Agent
Keratolyte
Resin
Others

Breakup by End-Use Industry:

Agriculture
Chemical
Automotive
Medical
Others

Breakup by Region:

/zigman2/quotes/200745132/composite
US : U.S.: NYSE
$ 8.39
-0.28 -3.23%
Volume: 24.09M
Aug. 3, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
2.87%
Market Cap
$56.34 billion
Rev. per Employee
$1.39M
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